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Content provided by My Daily Business and Fiona Killackey. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by My Daily Business and Fiona Killackey or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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Competitive Analysis: How often are you checking yours?

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Manage episode 419649822 series 2881725
Content provided by My Daily Business and Fiona Killackey. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by My Daily Business and Fiona Killackey or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Fiona discusses the powerful tool of a competitive matrix to help business owners. Learn how to use this framework to compare your business against competitors. Tune in!

You'll Learn How To:

  • Introduction to the competitive matrix and its importance
  • Difference between positioning and competition
  • Attributes that influence customer loyalty in a bakery example
  • Step-by-step guide to creating and using a competitive matrix
  • Assigning weight to different attributes and calculating scores
  • Application of the competitive matrix
  • Importance of understanding competitors
  • Leveraging competitive analysis

Get started on a more successful and sustainable small business with our range of free tools at mydailybusiness.com/freestuff

Connect and get in touch with My Daily Business

  continue reading

432 episodes

Artwork
iconShare
 
Manage episode 419649822 series 2881725
Content provided by My Daily Business and Fiona Killackey. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by My Daily Business and Fiona Killackey or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Fiona discusses the powerful tool of a competitive matrix to help business owners. Learn how to use this framework to compare your business against competitors. Tune in!

You'll Learn How To:

  • Introduction to the competitive matrix and its importance
  • Difference between positioning and competition
  • Attributes that influence customer loyalty in a bakery example
  • Step-by-step guide to creating and using a competitive matrix
  • Assigning weight to different attributes and calculating scores
  • Application of the competitive matrix
  • Importance of understanding competitors
  • Leveraging competitive analysis

Get started on a more successful and sustainable small business with our range of free tools at mydailybusiness.com/freestuff

Connect and get in touch with My Daily Business

  continue reading

432 episodes

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